Last Friday, crude oil opened around $58.45. During the Asian-European session, it was somewhat volatile, reaching a high of $58.93 but then started to collapse. I decisively shorted around $58.60. By the US session, crude oil had fallen all the way to $56.70, and this trade was quite profitable. The closing price finally settled at $57.0. From the weekly chart, a long upper shadow shooting star pattern appeared, which generally indicates a higher probability of continued weakness.

This week's strategy is: as long as crude oil rebounds, consider shorting. Keep an eye on the resistance at $58.30. If the price rebounds near this level, it’s a good opportunity to enter a short position. The target is around $56.0. As for the specific entry timing, it still depends on the real-time price action.